News

Contract Signed with Up Close Solutions Pvt Ltd in Association with Aether Ltd for NDC Implementation Tracking and Climate Finance Reporting

16 Sep 2024

The Ministry of Climate Change, Environment, and Energy (MCCEE) has signed a contract with Up Close Solutions Pvt Ltd, in association with Aether Ltd, to provide consultancy services for tracking support for NDC implementation, including institutional arrangements, methodologies, and tools for monitoring and reporting support from both state and non-state actors. The contract was signed by Permanent Secretary Mr. Ajwad Musthafa on behalf of the Ministry, and Managing Director Mr. Mohamed Haikal Ibrahim on behalf of Up Close Solutions Pvt Ltd.

The scope of the consultancy includes the following key activities:

  • Comprehensive gap analysis on the existing institutional arrangements for tracking climate finance, including inter-ministerial communication and financial data flow.
  • Recommendations on Institutional Arrangements outlining the responsibilities of ministries and agencies to deliver the necessary data and information to track progress and developing required mandates for data sharing procedures and outlining reporting responsibilities.
  • Regulation and MOU framework to formalize institutional arrangement for Measurement, Reporting, and Verification (MRV) of climate finance and support received and needed.
  • Framework for reporting by non-state actors e.g. NGOs and private sector on climate finance received and invested in actions for climate change or related actions, in consultation with the stakeholders.
  • Guidelines for tagging climate finance and system development and operationalization of system for tagging and generating reports on climate finance.
  • Training on climate finance tagging and reporting system and framework for reporting climate finance by state and non-state actors.

This consultancy is part of the Capacity Strengthening for Improved Transparency of Climate Change Mitigation and Adaptation Actions in the Maldives (CBIT Maldives) project, funded by the Global Environment Facility (GEF) and supported by the United Nations Environment Programme (UNEP).

By aligning the Maldives’ transparency efforts in line with the Enhanced Transparency Framework (ETF) of the Paris Agreement, the CBIT Maldives project seeks to strengthen long-term institutional arrangements, systemize data collection and processing, and develop indicators and methodologies.

Additionally, the project aims to improve overall data quality and management procedures for GHG inventories, the tracking of mitigation and adaptation actions, and climate finance. These improvements will ensure regular and transparent reporting to the United Nations Framework Convention on Climate Change (UNFCCC). The efforts will also inform national decision-making processes and contribute to the effective management of climate change challenges.